New York State Contract Reporter #2139748

New York seeks managers for two fixed-income strategies in its Deferred Compensation Plan

New York is seeking investment managers for two fixed-income strategies in its Deferred Compensation Plan Stable Income Fund. - Government buyer: New York State Deferred Compensation Board, through the NYS Deferred Compensation Plan; the identified office is Contracts. - Requested services: Separately managed account investment management for portions of the Stable Income Fund. - Active Short Duration Fixed Income, benchmarked to either the Bloomberg 1–3 Year Government/Credit Index or Bloomberg 1–3 Year Government Index. - Active Intermediate Core Fixed Income, benchmarked to either the Bloomberg Intermediate Aggregate Index or Bloomberg Intermediate Government/Credit Index. - Named organizations: Bloomberg is named as the source of the benchmark indexes. Callan LLC is identified as the procurement contact and RFP posting site, not as a proposed investment manager. No prospective investment-management vendors are named. - Notable requirement: Insurance-wrap coverage for each account will be arranged by the Plan’s stable value structure manager. - Quantities and part numbers: Not specified; the scope is investment-management services rather than product purchases. - Performance term: Up to ten years; specific start and end dates and option years are not stated.

Description

The New York State Deferred Compensation Board is seeking proposals from financial organizations to provide fixed income separately managed account investment management services for portions of the Plan’s Stable Income Fund. The requested services cover Active Short Duration Fixed Income, benchmarked to either the Bloomberg 1-3 Year Government/Credit Index or Bloomberg 1-3 Year Government Index, and Active Intermediate Core Fixed Income, benchmarked to either the Bloomberg Intermediate Aggregate Index or Bloomberg Intermediate Government/Credit Index. Insurance wrap coverage for each account will be arranged by the Plan’s stable value structure manager. Proposals are due by 5:00 PM ET on November 18, 2026, and the contract term is up to ten years.

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